信和置业(00083) - 2022 - 中期财报

Financial Performance - For the six months ending December 31, 2021, the group's unaudited profit attributable to shareholders was HKD 4.367 billion, compared to HKD 2.142 billion in 2020, representing a 104% increase[6]. - The basic earnings per share for the interim period was HKD 0.58, up from HKD 0.30 in the previous year, indicating a 93% increase[6]. - The net profit attributable to shareholders, after accounting for a revaluation loss of investment properties of HKD 1.3 billion, was HKD 4.225 billion, compared to HKD 1.286 billion in 2020, reflecting a significant increase[6]. - The basic earnings per share, including the revaluation loss, was HKD 0.56, compared to HKD 0.18 in the previous year, marking a 211% increase[6]. - The company reported a revenue of HKD 10,892,121,664 for the six months ending December 31, 2021, compared to HKD 4,097,517,736 for the same period in 2020, representing a significant increase[28]. - The net profit for the period was HKD 4,392,196,323, up from HKD 1,282,922,238 in the previous year, indicating a year-over-year growth of approximately 242%[30]. - The total comprehensive income for the period was HKD 4,518,664,076, compared to HKD 2,362,133,582 in the previous year, showing a strong increase[30]. - The pre-tax profit was HKD 4,225,517,118, compared to HKD 1,286,638,929 for the same period in 2020, representing a significant increase[65]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.15 per share, an increase from HKD 0.14 per share in 2020, representing a 7.14% rise[7]. - The company declared a final dividend of HKD 2.18 billion, reflecting a commitment to returning value to shareholders[35]. - The company declared an interim dividend of HKD 0.15 per share for the six months ended December 31, 2021, compared to HKD 0.14 per share for the same period in 2020, totaling HKD 1,142,268,701[61]. Property Sales and Revenue - The group's attributable property sales revenue for the interim period was HKD 84.97 billion, compared to HKD 20.11 billion in 2020, representing a significant increase[8]. - Property sales revenue reached HKD 8,685,166,816, compared to HKD 1,949,855,362 in the previous year, marking an increase of about 345.5%[46]. - Revenue from property management and other services was HKD 587,687,253, up from HKD 565,387,525, reflecting a growth of approximately 3.5%[46]. - The total income from external sources for property sales was HKD 10,069,239,444, compared to HKD 3,366,694,712 in the previous year, marking an increase of about 198.5%[46]. Assets and Liabilities - As of December 31, 2021, the group’s total assets and total equity were HKD 178.67 billion and HKD 156.59 billion, respectively[20]. - The group’s net asset value per share was HKD 20.56, down from HKD 20.98 as of June 30, 2021[20]. - The total liabilities decreased from HKD 17.97 billion to HKD 13.23 billion, a reduction of about 26.4%[31]. - The company's equity attributable to shareholders increased to HKD 156.59 billion from HKD 155.16 billion, representing a growth of about 0.9%[33]. - The group's share of total debt from its associated companies is HKD 10,596,680,653 as of December 31, 2021, compared to HKD 9,432,861,175 as of June 30, 2021, reflecting an increase of approximately 12.3%[113]. Cash Flow and Financial Position - As of December 31, 2021, the group had cash and bank deposits of HKD 42.06 billion, with net cash of HKD 38.81 billion after deducting total borrowings of HKD 3.25 billion[20]. - The net cash generated from operating activities for the six months ended December 31, 2021, was HKD 4,205,482,124, a significant increase from HKD 205,857,444 in the same period of 2020[37]. - The cash and cash equivalents at the end of the period stood at HKD 22,296,727,851, up from HKD 13,032,877,493 a year earlier[38]. - The company’s cash and cash equivalents increased to HKD 3.81 billion from HKD 3.59 billion, reflecting a growth of approximately 6.1%[31]. Operational Highlights - The group sold 98.7% of the units at Yilong Bay 8, 94% at Kaihui, and 67.5% at Silversands during the interim period[8]. - The average occupancy rate for the group's retail properties improved to approximately 91.9% from 90.6% in 2020[15]. - The average occupancy rate for the group's office properties was 89.8%, down from 91.7% in 2020, reflecting ongoing challenges in the market[15]. - The hotel operations continue to face challenges due to the impact of the COVID-19 pandemic, with recovery dependent on the easing of travel restrictions[17]. - Hotel revenue for the mid-year period reached HKD 247.7 million, up from HKD 163.5 million in 2020, with total operating profit of HKD 12.6 million compared to an operating loss of HKD 52.9 million in 2020[18]. Sustainability and Corporate Governance - The group has received multiple awards for its commitment to sustainable development and corporate governance, including the ESG Excellence Award in 2021[22]. - The company has achieved its plastic reduction target ahead of schedule as part of its "Sustainable Development Vision 2030" initiative[23]. - The company is committed to promoting sustainable development and biodiversity through its integrated green community project[23]. - The company continues to support the government's vaccination program to achieve herd immunity against COVID-19[25]. - The company has established a remuneration committee to oversee the compensation policies for all directors and senior management, ensuring transparency and regular reviews[116]. Future Outlook and Strategy - The company anticipates launching three additional residential projects in 2022, pending the issuance of pre-sale consent[8]. - The company plans to continue focusing on property development and investment strategies to enhance future growth and profitability[69]. - The company maintains a cautious optimism regarding the Hong Kong property market, citing resilience and strong fundamentals despite potential economic pressures[26]. - The company is focused on enhancing customer satisfaction through quality property development and environmentally friendly design principles[22].